Welcome back to another edition of the ValiDAO Digest!
Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.
Hyperliquid experienced a malicious attack via the JELLY perpetual contract, requiring the validator set to vote and delist the market.
Despite this whole ordeal, HLP ended up in profit, and affected users and traders will be made whole by the foundation.
https://twitter.com/HyperliquidX/status/1904923137684496784
In response, an entirely on-chain voting mechanism for validators to decide on asset delistings was shipped within a day.
We covered our rationale for voting YES on the upcoming MYRO delisting proposal below.
https://twitter.com/validaoxyz/status/1905661027829924074
On a more positive note, Hyperunit has officially enabled spot ETH bridging and trading on Hyperliquid.
Plasma has released their technical documentation, detailing a high‑performance, scalable, and secure blockchain purpose‑built for stablecoins.
https://twitter.com/PlasmaFDN/status/1904587889704341652
At its core, Plasma leverages PlasmaBFT, a Fast HotStuff–inspired consensus protocol optimized for rapid finality and low latency—ideal for high-frequency global stablecoin transfers.
You can read more about Plasma here.
Converge by Ethena has been unveiled, a network which acts as the settlement layer for traditional finance and digital dollars.
https://twitter.com/convergeonchain/status/1901672514041909508
Converge aims to address the massive capital disparity between DeFi and TradFi with institutional-grade stablecoin and yield products.
Looped Hype has increased the Phase 2 cap to 2M HYPE, where depositors can earn 3% of the total token supply.
https://twitter.com/Looped_HYPE/status/1904881340606001447
Nearly half the cap has already been filled, with LHYPE holders benefiting from a dynamically adjusting looping strategy.
Remember to stake with ValiDAO here for seed-oil free consensus services.
Drop has announced dNTRN, an upcoming liquid staking token for the Neutron network.
https://twitter.com/dropdotmoney/status/1902430088567939481
deINIT has seen a strong start on Initia testnet and is the first LST to fully integrate staking and DEX rewards into one self-compounding position.
Berachain has officially launched Proof of Liquidity, kicking off the long-awaited liquidity flywheel for applications and users.
https://twitter.com/berachain/status/1904196335659606294
$1.5M in incentives are already flowing to whitelisted reward vaults, with most pools offering triple-digit APRs.
That's it for this week!
As always, we're committed to providing free-range, locally sourced, and seed-oil-free consensus services from geographically diverse locations.
Until next time!
